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Click 2 Protect 3D Plus
  • Life Coverage at Lowest Price
  • Life Stage Protection Feature
  • 3D = Death, Disease and Disability
  • Flixible to Choose Payout Option
  • Policy Term Upto 50 Years
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HDFC Life Term Plan

Why HDFC Life Click 2 Protect 3D Plus plan is perfect for you? First, it promises financial protection to your loved ones at affordable rates. Second, it pays for the claim made on the manifestation of death, permanent disability, and diseases. Lastly, this plan offers you a discount on purchasing online.

HDFC Life Click 2 Protect 3D Plus is an extensive plan where 3D exemplifies death, disability, and diseases. It acts as a superhero at the time of complete permanent disability due to accidents, terminal illness, and critical illness arrives suddenly.

Eligibility Criteria of HDFC Term Plan

Features All plan options excluding Life-Long Protection Option & 3D Life-Long Protection Option Life Long Protection Option & 3D Life-Long Protection Option
Sum Insured (minimum) 10 lakhs 10 lakhs
Age of Entry 18 years to 65 years 25 years to 65 years
Term of Policy 5 years to 40 years Entire life
Maturity Age 23 years to 75 years Entire life
Premium Payment Mode Single Pay/ Regular Pay/ Limited pay- 5 years to 39 years Limited Pay= 65 years minus Entry age
Premium Payment Frequency Single, Annual, Semi-Annual, Quarterly, Monthly Annual, Semi-Annual, Quarterly, Monthly
Minimum Premium Per Years Rs 2,234

HDFC Life Term Plan Options

There are a total of nine plan options under HDFC Life Click 2 Protect 3D Plus-

A. Plans With LumpSum Payout Options

1. Life Option

Highlights-

  • In a death situation, a lump sum amount will be payable to the nominee of the policyholder and policy will end thereafter.

  • In accidental permanent disability situation, all future premium will be lessened to minimize the burden of the policyholder while the policy will remain active.

  • On detection of terminal illness with proper evidence, a lumpsum payment of sum insured is supplied to the policyholder.

2. Extra Life Option

Highlights-

  • On the event of death/terminal illness, a lumpsum amount is paid to the beneficiaries and the policy will dissolve after the payment.

  • If death is due to accident, the amount payable will be basic sum insured plus the sum insured under accidental death benefit opted as additional cover.

  • In case of complete permanent disability due to an accident, the policyholder will receive relaxation in future premium rates.

3. 3D Life Option

Highlights-

  • For death or terminal illness, a lumpsum amount will be payable to the nominee which will mark the end the policy tenure.

  • For Accidental Permanent Disability/ Diagnosis of Critical Illness, all the future premiums will be reduced and the policy will continue to work.

4. Life Long Protection Option

Highlights-

  • The term of premium payment is calculated on the age of entry i.e. 65 years - Age of Entry. The option is for whole life.

  • While the accidental permanent disability and death/terminal illness benefit would be same as all the options.

5. 3D Life Long Protection Option

Highlights-

  • It covers critical illness and accidental permanent disability benefits in which all the future premiums are reduced if any one of event happens.

  • Lumpsum payment is made under the circumstances of death/terminal illness.

6. Return of premium

Highlights-

  • Maturity benefits- all the premiums paid will be refunded if the policyholder sustains until the policy term period.

  • For Accidental Permanent Disability, all the premiums will be reduced for the future.

  • On the event of death/terminal illness, a lumpsum amount of sum insured is paid to the beneficiaries and the policy will cease to function.

B. Plans With Lumpsum Plus Monthly Payout Options

7. Income Option

Highlights-

  • For death or terminal illness, a lumpsum amount will be payable to the nominee which will mark the end the policy tenure.

  • In accidental permanent disability situation, all future premium will be lessened to minimize the burden of the policyholder while the policy will remain active.

  • The nominee after the demise of the policyholder will either get lumpsum amount or in the form of monthly increasing income of the sum insured.

    Illustration

    If the sum insured is 60 lakhs and the yearly rate of increase in income is 10%. On death, the monthly income of the sum insured for 10 years would be Rs 50,000 (6 lakhs per year). The nominee will receive Rs 50,000 monthly for a tenure of 10 years which will increase by 10% in second, third and following years i.e. Rs 55,000(2nd year), Rs 60,000(3rd years), Rs 65,000(4th year), Rs 70,000(5th year), Rs 75,000(6th year), Rs 80,000(7th year), Rs 85,000(8th year), Rs 90,000(9th year), Rs 95,000(10th year).

8. Extra Life Income option

Highlights-

  • The nominee will receive death and terminal illness benefits through lumpsum payment of the sum insured.

  • Also, waiver of premium on the occasion of permanent disability due to an accident.

  • On accidental death, the extra sum insured purchased for the accidental death rider plus the basic sum insured is paid lumpsum. This benefit can also be paid through regular income of both the sum insured.

    For example- If the basic sum insured is 1 crore and the extra sum insured is Rs 60 lakhs. The claim payable in the form of monthly income for 10 years constantly is Rs 1,00,000 (of basic sum insured) + Rs 50,000(of extra sum insured) = Rs 1,50,000.

9. Income Replacement option

Highlights-

  • Future Premium will be waived off for accidental permanent disability.

  • On death or terminal illness, the nominee will receive 12 equal installments of the increased income of the policyholder when the death occurred. Like if the actual income at the time of policy purchase is Rs 8.4 lakhs. The person died after five years of purchase and it was decided that the nominee will get 12 times of increased income per month in total 12 installments. The income is increased @10% on the basic income.

Click 2 Protect 3D Plus Plan Benefits

  1. Accidental Total Permanent Disability- If the policyholder confronts permanent disability (though accidents) which cannot be rectified by any treatments will receive a reduction in the future premium rates. Eventually, the financial load will get lessened.
  2. Death Benefit- Under death circumstances, the entire sum insured will be paid off to the nominee in addition to the optional benefits opted by the policyholder. The Death benefit for single pay, regular and limited pay is different.
  3. Terminal Illness Benefit- Any disease that leads to the ultimate death of the individual within 6 months on the detection by a medically approved practitioner. The sum insured shall be payable immediately with respect to submission of diagnosis reports.
  4. Life Stage Benefit- As you grow older, the burden of responsibilities also get maximize like the marriage of children and childbirth which demands huge expenditures. This plan provides the choice to increase the sum insured on occasion of marriage and childbirth at any point during the term of the policy.
  5. Tax Benefit- The premium paid under term plan is liable to receive tax benefits under section 80C of the Income Tax Act and the benefits availed is under tax exemption
    Occasion Maximum Amount Provided
    Marriage 50% of sum insured/ maximum of Rs 25 lakhs
    Childbirth (first child) 25% of sum insured/ maximum of Rs 25 lakhs
    Childbirth (second child) 25% of sum insured/ maximum of Rs 25 lakhs

HDFC Term Plan Optional Benefits

  1. Critical Illness Benefits- Covers 34 critical illness and provide extra financial protection on investigation of critical illness.
  2. Accidental Death Benefit- A lumpsum amount of basic and extra sum insured, is paid for death due to accidents against the payment of additional premium for the extra sum insured selected. It is present only in Extra Life and Extra Life Income option.
  3. Top-up Options- By choosing this option, you have the chance to increase the policy cover on every anniversary date of the policy. There would be a systematic or fixed increase as determined during the buying of policy.

Exclusion for all Options

Suicidal death are not given any coverage under this plan.

Exclusions for Extra life and Extra Income Options

Death happened due to-

  • Incorporation of drugs, alcohol or any hallucinogenic substance
  • Participation in war, invasion, hostilities or criminal acts with criminal purpose.
  • Self-generated harm through suicides or intake of poison.
  • Indulging in a hazardous profession or hobby that carry risk of life.
  • Taking part in flying activities like paragliding, bungee jumping etc.
  • Death after 180 days of the accident.

Exclusions for 3D Life-Long Protection Option and 3D Life Option

Death happened due to-

  • HIV/AIDS, self-destruction activities, intake of alcohol/drugs/sedatives
  • Death within 30 days after the critical Illness is diagnosed.
  • Failure to seek medical advice or implement the same.

FAQs

1. Will the nominee get the coverage, if the death is due to suicide?

If death has occurred within 12 months starting from the inception date of the policy, the nominee is subjected to receive 80% of the premium paid.

2. What to do if we fail to submit the premiums on the due date?

The policyholder will get a grace period of 15 days for a policy with monthly premium payments. Whereas the 30 days will be given for yearly, quarterly, annually premium payment policies.If you fail to pay premiums even under this limit, then your policy will become elapsed.

3. What are the conditions under accidental permanent disability?

A person is declared as permanently disabled-

  • ncapable to involve in any occupation or profession under regular payment of salary or remuneration.
  • Physically impaired to move any of the body parts like loss of one limb, one eyes or both and loss of limbs above wrists or ankle.

4. For how many years I can get coverage?

The coverage will depend on your requirements. The term can be 5 years to 40 years/50 years applicable to Life, Extra Life, Income and Extra Life Income option. While in the case of Life Long Protection and 3D Life Long Protection Option, the coverage will be for entire life.

5. What are the conditions under terminal illness?

The terminal illness must be examined by two specialized medical practitioners which are registered under the medical council of state or council for Indian medicine or homeopathy administered by the Indian government.

The practitioner must have proper knowledge in the treatment of the illness. The illness diagnosed must lead to death within 6 months after the diagnosis.

6. What are single pay, regular pay and limited pay mode of premium payment options?

  • Single pay- You pay for one time throughout the life of the policy.
  • Regular pay- Premium pay for a period equal to the duration of the policy
  • Limited pay- Payment of premium for a selected period of time like 5 to 39 years/49 years for Life, Extra Life, Income and Extra Life Income option.

For Life Long Protection Option, premium paying term would be 75 years less age of entry.

For 3D Life Long Protection Option, the term for premium is 65 years less age of entry.

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